Guaranteed Minimum 

What's New

April 7th 2011 Auction!    

     Two of the Greatest Names in the Philatelic Auction Industry will join forces at the ASDA Spring Postage Stamp Show in New York.  Our second public auction will precede the Kelleher Auction utilizing the same facilities. 

     This date confidently corresponds with the start of ASDA show in NYC, April 7-10, 2011

     Both viewing and the auction will be held at the New Yorker Hotel. (the same hotel as the show)

   Viewing available April 4th, 5th and 6th in the "Bank Room" at the hotel.

   The auction will commence at 10:00 am on April 7th in the "Bank Room" with afternoon lots available for viewing at Harmer/Kelleher booth on the show floor.                                

   April 7th 10am  - United States and World-wide Forgeries and "Reproductions"..Lots 1 - 277

  April 7th - NOT BEFORE 1:00pm - British Commonwealth ,including British North America...Lots 278 - 394

                                                      General Foreign Issues including Saint Pierre et Miquelon,

                                                     Robert Simon Japan, Peter DuPuy Belgium etc...Lots 395 - 605

                                                     Collections and "Various" of the world....Lots 606 - 695

  

 Remember you must register to bid at least 10 days prior to the auction to avoid disappointment.

   

 

Current News

Catalogue will be on-line soon.

     Our April 7th 2011 Auction catalogue will be on-line soon.  To request a printed version, please contact our offices or complete a New Client Registration form.

    Viewing will be Monday the 4^th,  Tuesday the 5^th, Wednesday the 6^th with limited viewing on the 7^th.  Viewing begins each day at 10am and close at 5pm.  Appointments for before and after hours can be made by contacting our office at 212.532.3700. 

      Both the viewing and the auction will take place at the ASDA show headquarters, The New Yorker Hotel.  The hotel is conveniently located in Midtown Manhattan on 34th Street and the corner of 8th Avenue,  just across from Madison Square Garden and Penn Station.  

Recent Events

Consignments are arriving for our Next Auction in July 2011

     Plans are currently underway for a July 2011 public auction. While we will continue offering private auction and private treaty sales arrangements, with our Kelleher Auctions teaming arrangement, we can increase the frequency of our public auctions without compromising the quality of our material.

     Mr. Keith Harmer has begun accepting consignments for his Summer Auction.  Early consignments are particularly encouraged for large or complex collections.  Please contact our offices for more information or to schedule an appointment.

 What is a Guaranteed Minimum?

     A guaranteed minimum is the lowest amount a client will receive for their material at the completion of the auction. If the auction results are greater than the guaranteed minimum, the client receives the higher price the material realized in the auction but if the material realizes less than the agreed minimum, the client will receive the minimum value agreed upon.

Guaranteed Minimums at Harmers

       At Harmers International we see little difference between purchasing collections outright and offering a guaranteed minimum. We lean against guaranteed minimums because they are a disincentive for an auction company to work for the client.

      From an auction company’s point of view the material with a guaranteed minimum has, in essence, been purchased by the auction company at the guaranteed price. Once the price is agreed upon with the client, any incentive for the auction company to “work” for the client is removed. Most auction companies have the right to big on your material or place a ”reserve” price on your items that they have organized in lots.